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Wednesday, 19 May 10
DRY BULK FREIGHT RATES' RALLY MAY BE SET TO END
 The Baltic Dry Index (BDI) has rallied these past couple of weeks, almost touching the 4,000 point mark. But this positive development for dry bulk ship owners could soon be coming to an end, according to market analysts. Yesterday, the BDI ended down by 40 points to 3,882, with the Capesize segment registering heavy losses, which brought the Baltic Capesize Index (BDI), once again almost on par with the smalle panamax market (4,513 points versus 4,504 points).
During the course of the previous week, Chinese ore and Asian coal demand remained particularly firm, thus pushing capesize rates up by 14% week-on-week. In the first two weeks of May, capesize rates rose by a rather impressive 29% or $11,320. Still, according to the latest weekly report by Commodore Research & Consultancy, "freight rates for all vessels may be poised to decrease moderately in the near-term, as dry bulk commodity prices have fallen across the board and Chinese stockpiles have increased.
Overall dry bulk cargo demand is still expected to remain robust during the summer, however, and the market will likely only experience a brief lull in spot chartering activity. 20 vessels were reportedly fixed to carry iron ore last week, 7 less than the previous week. After a brief lull in spot chartering activity, we expect cargo demand to rebound due to Northern Hemisphere peak summer coal demand and an increase in Chinese corn and soybean imports. We also expect Chinese steel production to remain firm throughout the summer" said the report.
It mentions that capesize rates may be poised to full further this week, as spot iron ore and Chinese steel prices begin to show weakness. "In addition, stockpiles of iron ore and thermal coal in China have begun to increase, which might put additional pressure on the entire dry bulk market in the near-term. Thermal coal demand in China and throughout much of Asia is expected to remain robust, however, as the Northern Hemisphere summer peak demand season results in greater electricity consumption. Asian and European steel production is also expected to maintain healthy levels, as the global economy continues to emerge from recession.
Only a brief lull in spot chartering activity is expected, and dry bulk commodity demand is expected to return to robust levels within a few weeks.
In the upcoming weeks, dry bulk freight rates will likely come under pressure due to the decline in dry bulk commodity prices coinciding with growing iron ore and thermal coal stockpiles.
After a temporary lull in spot chartering activity, dry bulk demand and freight rates will likely find renewed support due to various developments (including an expected surge in long-haul Chinese corn and soybean imports and steady Chinese coastal freight rates) which are discussed in the remainder of this report. Firm period chartering activity also suggests that the market expects dry bulk cargo demand to increase in a few weeks Dry bulk freight rates increased across the board last week - but spot chartering activity was relatively low and freight rates were moderately supported by robust levels of period chartering activity" Commodore said.
Chinese iron ore port stockpiles now total about 69.61 million tons, 1.26mt (2%) more than the previous week. Stockpiles have now increased for five consecutive weeks and are approaching this year's peak of 71.17mt, which was reached in early March.
At the same time, Indian iron ore fixtues decreased noticeably last week, continuing the trend of sporadic Indian ore fixture activity - resulting from the Indian government continuing to investigate and restrict illegal mining and railing of ore from Orissa.
The same amount of Brazilian and Australian iron ore fixtures were reported in market compared with the previous week. Going forward, Chinese iron ore demand might decline in the immediate shortterm due to rising ore stockpiles and declining steel prices.
After a possible brief pause in steady iron ore imports, Chinese demand is expected to return to firm levels. Indian ore fixtures will likely stay at low levels beginning in June when India's monsoon season begins. At that time, most of China's ore will come from Brazil and Australia, concluded the analysis.
Source: Nikos Roussanoglou, Hellenic Shipping
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Saturday, 09 January 10
IMPORTED, LOCAL COAL TO BE MIXED IN POWER DRIVE
The government is likely to create a pool price of coal, wherein imported coal and Indian coal could be mixed, making the imported coal becomes more ...
Friday, 08 January 10
SA COAL PRICES TO SPIKE ON RESUMED INDIA BUYING
South African coal prices are set for another price surge to over $100 a ton FOB as Indian and Chinese buyers compete for limited prompt supply, pro ...
Friday, 08 January 10
COLOMBIAN COAL STARTS TO MOVE TO CHINA - TRADERS
* Producer sells cape cargo Colombian coal to China
* Firm bids in freight market
* More shipments expected
Colombian coal is starting to move ...
Thursday, 07 January 10
PT. BUKIT ASAM TO BUILD NEW COAL LOADING TERMINAL AND COAL LOADER
COALspot.com (Indonesia): PT Bukit Asam (Persero) Tbk, Indonesia’s state owned coal mining company, is planning to build an additi ...
Thursday, 07 January 10
RAMKY PLANS COAL MINING IN INDONESIA
Ramky Infrastructure Limited, a Hyderabad-based integrated infrastructure construction and development management company with strategic emphasis on ...
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- PTC India Limited - India
- Madhucon Powers Ltd - India
- Iligan Light & Power Inc, Philippines
- Cement Manufacturers Association - India
- TeaM Sual Corporation - Philippines
- Kobexindo Tractors - Indoneisa
- Petrochimia International Co. Ltd.- Taiwan
- Vizag Seaport Private Limited - India
- GN Power Mariveles Coal Plant, Philippines
- IEA Clean Coal Centre - UK
- Banpu Public Company Limited - Thailand
- Bulk Trading Sa - Switzerland
- Jaiprakash Power Ventures ltd
- Dalmia Cement Bharat India
- Electricity Authority, New Zealand
- Indika Energy - Indonesia
- Trasteel International SA, Italy
- Siam City Cement - Thailand
- Ceylon Electricity Board - Sri Lanka
- Bayan Resources Tbk. - Indonesia
- Holcim Trading Pte Ltd - Singapore
- OPG Power Generation Pvt Ltd - India
- Standard Chartered Bank - UAE
- Pendopo Energi Batubara - Indonesia
- PNOC Exploration Corporation - Philippines
- Commonwealth Bank - Australia
- Straits Asia Resources Limited - Singapore
- Directorate Of Revenue Intelligence - India
- Bukit Asam (Persero) Tbk - Indonesia
- VISA Power Limited - India
- Ambuja Cements Ltd - India
- Siam City Cement PLC, Thailand
- Xindia Steels Limited - India
- ICICI Bank Limited - India
- Anglo American - United Kingdom
- Leighton Contractors Pty Ltd - Australia
- Coal and Oil Company - UAE
- Grasim Industreis Ltd - India
- Larsen & Toubro Limited - India
- Sical Logistics Limited - India
- Kohat Cement Company Ltd. - Pakistan
- GMR Energy Limited - India
- Latin American Coal - Colombia
- European Bulk Services B.V. - Netherlands
- SMC Global Power, Philippines
- Dong Bac Coal Mineral Investment Coporation - Vietnam
- Australian Coal Association
- Antam Resourcindo - Indonesia
- Essar Steel Hazira Ltd - India
- Singapore Mercantile Exchange
- Malabar Cements Ltd - India
- Global Coal Blending Company Limited - Australia
- Cigading International Bulk Terminal - Indonesia
- Mercuria Energy - Indonesia
- Meenaskhi Energy Private Limited - India
- Rashtriya Ispat Nigam Limited - India
- Kartika Selabumi Mining - Indonesia
- Semirara Mining and Power Corporation, Philippines
- Bukit Baiduri Energy - Indonesia
- Edison Trading Spa - Italy
- Riau Bara Harum - Indonesia
- GVK Power & Infra Limited - India
- Altura Mining Limited, Indonesia
- Parry Sugars Refinery, India
- Aditya Birla Group - India
- Thiess Contractors Indonesia
- Maheswari Brothers Coal Limited - India
- Planning Commission, India
- Georgia Ports Authority, United States
- Tata Chemicals Ltd - India
- Carbofer General Trading SA - India
- Salva Resources Pvt Ltd - India
- The Treasury - Australian Government
- Bharathi Cement Corporation - India
- Kaltim Prima Coal - Indonesia
- Indo Tambangraya Megah - Indonesia
- Kapuas Tunggal Persada - Indonesia
- Port Waratah Coal Services - Australia
- Manunggal Multi Energi - Indonesia
- Independent Power Producers Association of India
- International Coal Ventures Pvt Ltd - India
- McConnell Dowell - Australia
- Bhatia International Limited - India
- Oldendorff Carriers - Singapore
- PowerSource Philippines DevCo
- Orica Australia Pty. Ltd.
- Coalindo Energy - Indonesia
- Semirara Mining Corp, Philippines
- Bukit Makmur.PT - Indonesia
- Sakthi Sugars Limited - India
- New Zealand Coal & Carbon
- Formosa Plastics Group - Taiwan
- Ind-Barath Power Infra Limited - India
- Price Waterhouse Coopers - Russia
- Gujarat Mineral Development Corp Ltd - India
- Sinarmas Energy and Mining - Indonesia
- SMG Consultants - Indonesia
- Kideco Jaya Agung - Indonesia
- Filglen & Citicon Mining (HK) Ltd - Hong Kong
- Metalloyd Limited - United Kingdom
- Therma Luzon, Inc, Philippines
- Indogreen Group - Indonesia
- The University of Queensland
- Barasentosa Lestari - Indonesia
- Minerals Council of Australia
- Posco Energy - South Korea
- Attock Cement Pakistan Limited
- Toyota Tsusho Corporation, Japan
- Kalimantan Lumbung Energi - Indonesia
- India Bulls Power Limited - India
- Gujarat Sidhee Cement - India
- Karbindo Abesyapradhi - Indoneisa
- Globalindo Alam Lestari - Indonesia
- Mercator Lines Limited - India
- Star Paper Mills Limited - India
- Mintek Dendrill Indonesia
- White Energy Company Limited
- Alfred C Toepfer International GmbH - Germany
- AsiaOL BioFuels Corp., Philippines
- IHS Mccloskey Coal Group - USA
- Chettinad Cement Corporation Ltd - India
- Truba Alam Manunggal Engineering.Tbk - Indonesia
- Asia Pacific Energy Resources Ventures Inc, Philippines
- Directorate General of MIneral and Coal - Indonesia
- Timah Investasi Mineral - Indoneisa
- GAC Shipping (India) Pvt Ltd
- Indonesian Coal Mining Association
- Parliament of New Zealand
- Eastern Coal Council - USA
- Dr Ramakrishna Prasad Power Pvt Ltd - India
- Baramulti Group, Indonesia
- San Jose City I Power Corp, Philippines
- Gujarat Electricity Regulatory Commission - India
- London Commodity Brokers - England
- Billiton Holdings Pty Ltd - Australia
- Makarim & Taira - Indonesia
- Meralco Power Generation, Philippines
- Maharashtra Electricity Regulatory Commission - India
- Wilmar Investment Holdings
- Bank of Tokyo Mitsubishi UFJ Ltd
- Jindal Steel & Power Ltd - India
- Heidelberg Cement - Germany
- Sojitz Corporation - Japan
- Energy Link Ltd, New Zealand
- The State Trading Corporation of India Ltd
- Ministry of Mines - Canada
- Uttam Galva Steels Limited - India
- Orica Mining Services - Indonesia
- Interocean Group of Companies - India
- Wood Mackenzie - Singapore
- Ministry of Finance - Indonesia
- Chamber of Mines of South Africa
- Indian Oil Corporation Limited
- Karaikal Port Pvt Ltd - India
- Rio Tinto Coal - Australia
- Medco Energi Mining Internasional
- Coastal Gujarat Power Limited - India
- Central Electricity Authority - India
- Ministry of Transport, Egypt
- Bangladesh Power Developement Board
- Petron Corporation, Philippines
- Indian Energy Exchange, India
- Kepco SPC Power Corporation, Philippines
- Borneo Indobara - Indonesia
- Economic Council, Georgia
- Samtan Co., Ltd - South Korea
- Marubeni Corporation - India
- LBH Netherlands Bv - Netherlands
- Lanco Infratech Ltd - India
- Africa Commodities Group - South Africa
- Energy Development Corp, Philippines
- PetroVietnam Power Coal Import and Supply Company
- South Luzon Thermal Energy Corporation
- CNBM International Corporation - China
- Kumho Petrochemical, South Korea
- Vedanta Resources Plc - India
- Bhoruka Overseas - Indonesia
- Simpson Spence & Young - Indonesia
- Asmin Koalindo Tuhup - Indonesia
- MS Steel International - UAE
- Sindya Power Generating Company Private Ltd
- CIMB Investment Bank - Malaysia
- Eastern Energy - Thailand
- Vijayanagar Sugar Pvt Ltd - India
- Neyveli Lignite Corporation Ltd, - India
- TNB Fuel Sdn Bhd - Malaysia
- Australian Commodity Traders Exchange
- Krishnapatnam Port Company Ltd. - India
- Romanian Commodities Exchange
- Goldman Sachs - Singapore
- Tamil Nadu electricity Board
- Global Green Power PLC Corporation, Philippines
- Mjunction Services Limited - India
- Agrawal Coal Company - India
- Global Business Power Corporation, Philippines
- Electricity Generating Authority of Thailand
- Bhushan Steel Limited - India
- Deloitte Consulting - India
- Videocon Industries ltd - India
- Offshore Bulk Terminal Pte Ltd, Singapore
- Jorong Barutama Greston.PT - Indonesia
- Central Java Power - Indonesia
- Sree Jayajothi Cements Limited - India
- Binh Thuan Hamico - Vietnam
- Bahari Cakrawala Sebuku - Indonesia
- Renaissance Capital - South Africa
- Thai Mozambique Logistica
- Pipit Mutiara Jaya. PT, Indonesia
- Miang Besar Coal Terminal - Indonesia
- Savvy Resources Ltd - HongKong
- Aboitiz Power Corporation - Philippines
- SN Aboitiz Power Inc, Philippines
- ASAPP Information Group - India
- Merrill Lynch Commodities Europe
- Intertek Mineral Services - Indonesia
- Power Finance Corporation Ltd., India
- Sarangani Energy Corporation, Philippines
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